Ethereum PoS network exit queue rises to approximately 873,000 ETH, worth about $3.884 billion

BlockBeats News, August 16 — According to validatorqueue, a validator queue tracking website, the current Ethereum PoS network exit queue stands at 873,682 ETH. At current prices, the ETH exiting the PoS network is valued at approximately $3.884 billion, with the withdrawal delay now reported at 15 days and 4 hours. The number of active validators has surpassed 1.08 million, with staked ETH accounting for 29.45% of the total supply, roughly 35.4 million ETH.

DeFi analyst Ignas noted that the recent surge in ETH withdrawals is mainly driven by three major liquid staking platforms: Lido leads with 285,000 ETH pending withdrawal, followed by EthFi (134,000 ETH) and a certain exchange (113,000 ETH). While the spike in pending withdrawals may signal large-scale profit-taking, recent activity from Ethereum treasury entities and spot ETH ETFs is absorbing much of the selling pressure.

According to data from strategicethreserve.xyz, since May 1, the combined holdings of strategic reserves and ETFs have soared by 140%, rising from 4.14 million ETH to 10 million ETH, indicating that institutions are rapidly monopolizing Ethereum’s circulating supply.

Ignas particularly highlighted the potential bullish narrative around staked ETH ETFs. He pointed out that some investors may be freeing up liquidity in preparation for repositioning through staking ETFs in the future. This “position rotation” strategy does not mean a complete exit from the ETH market. Although the SEC’s final approval deadline is set for April 2026, Bloomberg ETF analyst Seyffart believes approval could come much sooner, possibly as early as October 2025.